San Jose CA Real Estate

San Jose CA, Then and Now

This is a city rich in history with roots that stretch back as far as 1777. Back then, San Jose was founded by the Spanish as a farming colony. The food produced in the area was shipped out to support nearby Spanish military forces. When the West changed hands, San Jose fell under American influence and flourished with an influx of settlers. The city became something of a hub along the territory’s Western coast and, in fact, was named the first capital of California when it became a state. San Jose experienced another growth spurt when WW2 veterans flooded in, retiring to its’ sunny warmth. Most recently, this metropolis has become the center of Silicon Valley, a magnet attracting high-tech innovation and business opportunities from across the nation.

San Jose, CA Real Estate

San Jose is the most populous city in the Bay Area and tenth most populous in the United States. That fact, combined with its status as the heart and soul of Silicon Valley, has created a competitive housing market. The median home value in San Jose is about $817,000 and that figure is predicted to continue to rise. The average monthly rent for a 1-bedroom apartment is about $2,200 a month, and a 2-bedroom averages at $2,700. That being said, some neighborhoods are less expensive than others, particularly in central and northern areas.

Business is Booming in San Jose

San Jose carries a legacy of innovation and entrepreneurship that ranges from its history contributing to the development of space flight in the early 20th century to its current status as the unofficial ‘Capital of Silicon Valley.’ Many of the city’s biggest businesses are software and tech developers such as IBM, Hitachi, and e-commerce giant Ebay. However, there is a diversity of employment available with numerous opportunities in medical and educational fields. The city boasts several nationally regarded hospitals, an extensive public and private school system, and San Jose State University.

Why Have Millions Made San Jose Home?

San Jose is a city of contrasts. It offers a taste of history that can be glimpsed in historic buildings like the Cathedral Basilica of Saint Joseph and the unusual Rosicrucian Egyptian Museum. The future is being born in San Jose right now in the multitude of tech, software, and research businesses that cluster in the Bay Area. San Jose is cosmopolitan, offering West Coast multiculturalism and all the excitement a vital city can provide. Meanwhile, people longing to unwind in the wilderness can drive just a few hours to the nearby Yosemite National Park or head south along Highway 1 and watch the Atlantic waves crash against unparalleled seashore.